Express Trade Capital provided a new $5 million letter of credit facility to assist the production of PPE. The client – an apparel industry mainstay – was using Express Trade Capital's factoring and PO funding facilities for several years before pivoting to produce PPE during COVID.

The client needed to fulfill immediate orders and replenish stock, but was uncomfortable leaving large deposits overseas before ensuring that goods were produced and passed quality inspections. The prior relationship allowed Express Trade Capital to piggyback on already existing due diligence and history to deliver a seamless, nearly instantaneous add-on facility and solution. The client can now start production without deposits and fulfill demand.